Doman Building Materials Group Ltd. (TSE:DBM) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Doman Building Materials Group has a consensus “Buy” rating from five analysts, all of whom recommend buying the stock. The average 12-month price target is C$12.65.
• National Bank Financial raised its target to C$14.00 and Raymond James increased its target to C$12.50; both firms maintained “outperform” ratings.
• The company reported quarterly earnings of C$0.36 per share on C$904.47 million in revenue and pays a quarterly dividend of C$0.14 per share, equivalent to a 5.0% annualized yield.

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has been assigned a consensus rating of "Buy" from the five brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is C$12.65.

A number of brokerages have weighed in on DBM. National Bank Financial increased their target price on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Raymond James Financial boosted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an "outperform" rating in a research report on Thursday, August 6th.

Doman Building Materials Group Stock Up 1.2%

Shares of TSE DBM opened at C$11.10 on Friday. The company has a debt-to-equity ratio of 153.48, a current ratio of 3.27 and a quick ratio of 1.11. The stock has a market capitalization of C$975.62 million, a PE ratio of 11.56 and a beta of 1.62. Doman Building Materials Group has a one year low of C$8.47 and a one year high of C$11.99. The business's fifty day moving average price is C$11.11 and its 200-day moving average price is C$10.66.

Doman Building Materials Group (TSE:DBM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 earnings per share for the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%.The company had revenue of C$904.47 million during the quarter. On average, equities research analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 5.0%. Doman Building Materials Group's payout ratio is presently 58.33%.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.

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